Protein Supplements Market Size Worth USD 24,004.8 Million
New York, United States, July 14, 2021 (GLOBE NEWSWIRE) –
Protein Supplements Market Overview:
According to a comprehensive research report from Market Research Future (MRFR), “Protein Supplements Market Information by source, form, distribution channel and region – Forecast to 2025The market is expected to reach $ 24,004.8 million by 2025, registering a CAGR of 7.5%.
The consumption of a protein supplement is necessary to provide additional nutritional value in addition to food in order to meet the body’s basic protein requirements. Using a protein supplement helps improve the body’s metabolism. It also helps develop physical fitness and improve training performance. It can be consumed both post-workout and pre-workout to increase endurance and endurance during intense workouts. Many disorders are caused by a protein deficiency, which can be prevented by taking protein supplements regularly.
The global protein supplement market is experiencing increasing demand. The increased demand for protein supplements, along with their availability in retail stores, is contributing to the growth in sales in the global market. Protein supplements were previously only available in specific outlets such as fitness stores, specific retail stores, and drugstores, but now that the demand for protein supplements is increasing, they are available in supermarkets, hypermarkets. and even online stores, leading this market to the market world.
During the forecast period, this market will continue to grow in the global market. Due to the growing concern over the health issues and lifestyle changes, the protein supplement market in the global market offers varied growth potential. Additionally, the growing youth population in the demographics of various countries using high protein supplements creates a variety of potential prospects in the global protein supplements market.
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The major players in the global protein supplements market are:
- Nature’s Bounty Co. (United States)
- Living Essentials Marketing LLC (United States)
- Garden of Life, LLC (US)
- Herbalife Nutrition Ltd. (United States)
- Abbott Laboratories (United States)
- Amway Corp (United States)
- GNC Holdings Inc. (United States)
- GlaxoSmithKline plc (United Kingdom)
- Glanbia plc (Ireland)
- Vitaco Health Group (New Zealand)
The global protein supplement market is growing at an alarming rate, but several issues are limiting its expansion. The high cost of protein supplements limits the growth of the global market as it is out of reach for the majority of the middle class population. Additionally, as the notion of veganism becomes more popular in society, it will stifle the global animal protein supplement market during the forecast period.
The global COVID 19 epidemic has negatively impacted people’s daily lives, forcing economies into a forced recession. People got stuck between financial and health crises because of this circumstance. Due to the disruption of the supply chain network, the protein supplement industry has seen a sharp drop in revenue due to the lockdown crisis and the post-containment situation.
Browse the in-depth (112 pages) Protein Supplements market research report: https://www.marketresearchfuture.com/reports/protein-supplements-market-2260
The global market has been divided based on source, form, application, and distribution channel.
The protein supplement industry is classified into three categories based on the source: plant-based, animal-based, and others. Animal source dividend dominates the market because it has high nutritional content and is a widely used protein source. In the global protein supplement market, the dividend from plant sources is also increasing at a healthy rate.
The protein supplement industry is categorized as powder, liquid, bar, and a variety of different forms depending on the form. By 2025, the powder segment is expected to retain its dominant position. The bars segment, on the other hand, is expected to grow at the fastest pace of 8.40% throughout the forecast period.
Functional foods, functional drinks, dietary supplements, animal nutrition, and sports nutrition are the different types of protein supplements available.
The global market has been segmented into in-store and non-store distribution channels based on the distribution channel. Supermarkets and hypermarkets, specialty stores and the like are all part of the in-store distribution system.
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The global protein supplements market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and Rest of the World.
The North American region holds the largest market share in the global market due to the existence of powerful countries such as the United States and Canada, which are key contributors to the global market.
The Asia-Pacific region holds the second largest market share in the global market, due to the existence of powerful countries such as China, India, Japan and South Korea which have huge populations. who want more protein supplements, boosting this industry in the global market.
The European region holds the third largest market share in the world market, followed by the Latin American region.
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